rjm77me's Blog : Run for cover or is it time to buy?

Well market went down and recoverd in two days - Where do we go from here
Did you use dip to buy any thing on your list. I played with YGE, NVDA and KO (Coca cola - options - options made 15% in two days - Had actually bought some at 1.50 and sold at 2.37 today - average return was good - only regret did not buy enough at 1.50)

3J

Well the market went down due to Goldman and Oil Splill. Oil services stock gwere taken to cleaner. See my blog on that. Smart investors make money both ways. One just need to watch for inflexion point.
Long term investors should buy insurance when it is cheaper - meaning when the market is green all around- insurance agents - meaning put options are cheaper. When you basement is flooded or lightening strikes, insurance becomes expensive - like life insurance after a heart problem.
Traders should just trade - long short or call or puts.

Sure one is going to loose money in a long side portfolio on down days and it hurts for few days. Just stay calm and evaluate next action.
Even some of self proclaimed Guru or bearish betting guys have not made much money by publishing head line news. Risk averse folks should build their portfolio in a different manner. Like buy RIG, BP - if you can buy 5% cheaper from here and hold for a year. If one had bought Toyota TM on first head line news under or at 70 will be still in money - about 10% gain from panick low.
Just do your own home work and DO NOT LISTEN TO ME. Just view as another opinion worth considering. i know what i will be doing. I will be doing what I say - any weakness in some of oil stocks is a buy. If Government back tracks on restricting off shore drill - then what happens to oil prices???

What happens to oil if the govmint back tracks on offshore drilling? Oil prices collapse no matter what the govmint does. Thur is an extreme oversooply of Earl and the supply will only grow larger as the economonomy contracts even further. You would "think" that the economonomy and the jobs numbas would be showing some "decent" improvement with stock prices up over 70% in 1 years time. But that isn't the case becuz insted of helping Main St the O'Bomba's stole from Main St to enrich Wall St. And the even werser news is that the market correction that wuz going on into March 2009 wuz "falsely" interrupted before it was given a chance to complete its "natural" cycle. That means this ENTIRE rally wuz a false rally and we will be going back aaaaall over again to do it the "corrreckt" way *-) It's too bad the permabulls can't see where the "opportunities" lie. Thur isn't any real upside in the oil stocks and thur is NO upside in oil either. Even the poor stoopid goldbugs who ssssthink that the U.S. dollar is gonna become werthless cuz of our risng debt will get thur azzes kicked. Why? Cuz things are gonna get soooo bad that ALL debt is gonna be foregiven. Whenst C is once again trading in the .90 centavos area we'll see how actively they go after the smart fokes who refuse to pay their credit card debts. Get ready for the GREATEST deflation is asset prices you will ever see in your lifetime. I'm gettin giddy bout it actually. :-) 3J

3J --PLEASE DO NOT WASTE MY TIME WITH YOUR REMARKS

ANY NOTES ON MY BLOGS WILL BE DELETED FROM 3j

AMEN

Thanks dmonnie for your support.

3J

3J